Current report, item 2.03



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): November 21, 2006


SONIC CORP.
(Exact name of registrant as specified in its charter)


Delaware
(State or other jurisdiction of incorporation or organization)
0-18859
(Commission File Number)
73-1371046
(I.R.S. Employer Identification No.)
 
300 Johnny Bench Drive
Oklahoma City, Oklahoma
(Address of Principal Executive Offices)
  
 
73104
(Zip Code)


(405) 225-5000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

In accordance with the terms of its credit agreement dated as of September 14, 2006 (the “Credit Agreement”) with Bank of America, N.A., as Administrative Agent, and the lenders party thereto (the “Lenders”), which provides for a revolving credit facility and term loan facility, Sonic Corp. has exercised its right to request an increase in the aggregate revolving commitments under the Credit Agreement from $100 million to $150 million. The request for the increase was accepted by the Lenders and made effective on November 21, 2006.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
REGISTRANT:
 
 
 
SONIC CORP.
 
 
Date: November 27, 2006 
By:
/s/ Stephen C. Vaughan
 
  
Stephen C. Vaughan,
 
  
Vice President and Chief Financial Officer